Bitcoin and Altcoins Target Fresh Monthly Highs
- Bitcoin price is stable above USD 10,800 and might target a fresh monthly high.
- Ethereum is holding above USD 375, XRP is rising steadily towards USD 0.262.
- Uniswap (UNI) rallied over 120% and spiked above USD 5.75.
Bitcoin price is consolidating above the USD 10,800 level, with many supports on the downside. BTC is currently (08:30 UTC) trading above USD 10,900, and it seems like the bulls are aiming more upsides above USD 11,000 and USD 11,120 in the coming sessions.
Similarly, most major altcoins are showing positive signs and might continue higher, including ethereum, XRP, litecoin, bitcoin cash, EOS, XLM, LINK, BNB, TRX, and ADA. ETH/USD is up 2% and it is facing hurdles near USD 390 and USD 400. XRP/USD is trading above USD 0.250 and it could attempt a break above USD 0.260 level.
Total market capitalization
Recently, bitcoin price traded mostly with a positive bias above the USD 10,650 and USD 10,800 levels. BTC is rising steadily above USD 10,900 and it might surpass the USD 11,000 resistance. In the stated case, the bulls might aim a fresh monthly high above USD 11,150 and USD 11,200 in the short-term.
If there is a downside correction, the price might find bids near USD 10,800. The first key support is forming near USD 10,650, but the main support is still near USD 10,550.
Ethereum price extended its rise above the USD 390 level, but it failed to test the USD 400 level. It traded as high as USD 400. ETH is currently consolidating above the USD 380 and USD 375 support levels.
On the upside, the bulls are facing many hurdles near USD 390, USD 395, and USD 400. A successful close above the USD 400 may perhaps start a steady increase.
Bitcoin cash, chainlink and XRP price
Bitcoin cash price is still facing a strong resistance near USD 235 and USD 240. If BCH continues to struggle near USD 240, there is a risk of a sharp decline towards the USD 210 level. Conversely, the price could start a steady increase above the USD 240 resistance. The next stop for the bulls could be USD 255 or USD 262.
Chainlink (LINK) is trading in a crucial range above the USD 10.00 and USD 10.20 support levels. A downside break below USD 10.00 may perhaps start a strong decline towards the USD 8.50 support zone. On the other hand, the price might rally above USD 11.50 and USD 12.00 resistance levels.
XRP price is gaining pace above the USD 0.250 resistance zone. The price is showing positive signs above USD 0.252 and it could continue to rise above the USD 0.258 and USD 0.260 resistance levels. If there is a downside correction, the bulls might protect the USD 0.248 and USD 0.245 support levels.
Other altcoins market today
In the past three sessions, many altcoins rallied over 10%, including UNI, ABBC, SOL, SUSHI, LRC, NEO, VET, THETA, TRX, and QTUM. Conversely, HYN, CELO, UMA, and XEM are down over 10%.
To sum up, bitcoin price is trading in a positive zone above USD 10,800 and USD 10,650. If BTC stays above USD 10,550 in the coming sessions, there are chances of a steady rise above USD 11,000.